Asset protection is not about hiding money and tax-dodging schemes.[Read more…] about Not tax evasion
Giving away your stuff to a trusted family member to thwart creditors is NOT an effective asset protection strategy.[Read more…] about Tiger King Fraudulent Transfer
If you are the only person in charge of your trust, a judge can order you to hand over the trust assets to your creditors.[Read more…] about Why can’t I be the only person in charge of my asset protection trust?
People rarely want to give up control of their trust and assets. It is possible to be the trustee of your asset protection trust, but it must be set up properly so that an independent trustee can step in when needed.[Read more…] about How can I be a trustee and also get asset protection?
Done early and without motive to screw over existing creditors, you’re within your right to put an asset protection plan in place.[Read more…] about Your right to asset protection
Some people we speak with wonder if asset protection planning will make them look bad.
Planning early, avoiding tricks or gimmicks, and still being able to pay your existing bills and debts after the planning is key to not “looking bad.”